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Regular payments from the UK to Spain |
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Written by Kevin Wright Account Manager, Moneycorp
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Tuesday, 06 July 2010 |
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Whether you need to make transfers for mortgage payments, living costs
or a pension, how do you know if your bank is giving you the best deal? Because banks do not specialise in foreign exchange, their transfer fees
are usually high and their exchange rates poor. In many cases, the rate
is 2-3% less than could be achieved elsewhere. You are only given the
rate available at the time of transfer, with no option to ‘lock’ into
better rates when Sterling is strong against the Euro.
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Last Updated ( Thursday, 22 July 2010 )
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Read more...
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Written by Moneycorp
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Thursday, 24 June 2010 |
THREE MONTHS ago, Alistair Darling delivered a pre-election budget that
he hoped would avoid demoralising the electorate ahead of a knife-edge
general election. He knew full well what was necessary to reduce
government debt, a good chunk of which was a result of the financial
crisis. But he, and more importantly his boss, thought it would be
political suicide to dish out such financial pain that they would
probably not even be in power to exact two months later.
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Last Updated ( Thursday, 22 July 2010 )
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Read more...
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Britons missing out on 101M pounds each year on international money transfers |
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Written by Moneycorp
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Wednesday, 23 June 2010 |
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Poor bank rates and high charges for foreign exchange transactions mean
individuals need to be savvier when transferring money overseas.
Research by Moneycorp reveals that Brits are potentially losing over
£101m a year by not shopping around for the best deals when transferring
money abroad. Furthermore, uncompetitive exchange rates and high bank
charges are costing individuals a lot of money, despite a concerted
effort by most to reduce their outgoings on luxury and even staple
items.
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Last Updated ( Thursday, 22 July 2010 )
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Sterling's advance foiled by Euro |
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Written by Moneycorp
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Thursday, 17 June 2010 |
 Sterling/euro's failure to break higher prompts profit-taking-sell-offs
elsewhere. Shortage of bad news provides respite for the euro. A relatively narrow range held the pound last week. The highlights were
the two attempts to break convincingly above an 18-month high. The week got off to a slow start for sterling.
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Last Updated ( Friday, 18 June 2010 )
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Currency boring? Not at the moment! |
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Written by Kevin Wright
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Thursday, 10 June 2010 |
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There has been so much activity and speculation over the past few weeks
that it is often difficult to keep a track of what is happening and
where. One thing is for certain and that is the fragility of the Euro.
Under pressure but still fighting is perhaps the best way to describe
what is happening to the Euro zone single currency.
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Read more...
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